๐ Bitcoin Hits All-Time High
Bitcoin (BTC) $BTC has surged to a new record, trading at approximately $110,820, with an intraday high of $111,547. This rally is attributed to growing institutional interest and optimism surrounding U.S. regulatory developments.
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๐ Ethereum and Altcoins on the Rise
Ethereum (ETH) $ETH is currently priced at $2,619.05, showing signs of a potential breakout. Other major cryptocurrencies are also experiencing gains:
BNB: $680.71
XRP: $2.40
Cardano (ADA): $0.7875
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๐๏ธ Regulatory Developments
GENIUS Act: The U.S. Congress is advancing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aiming to provide a comprehensive framework for stablecoin regulation.
Texas Bitcoin Reserve: The Texas House has passed a bill to establish a strategic Bitcoin reserve, positioning the state as a leader in financial innovation.
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๐ฆ Institutional Moves
Coinbase Joins S&P 500: Coinbase has been added to the S&P 500 index, marking a significant milestone for the crypto industry.
Strategic Bitcoin Reserve: President Trump has signed an executive order to establish a U.S. Strategic Bitcoin Reserve, utilizing forfeited bitcoins held by the Treasury.
